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Tax Forms

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PRESENTATION OUTLINE

WHAT I KNOW ABOUT TAXES

WHAT ARE TAXES

MONEY THAT PEOPLE PAY TO FUND CERTAIN THING IN A CITY

COMMUNITY

A GROUP OF PEOPLE WORKING TOGETHER FOR A COMMON GOOD

WHAT ARE THE BENEFITS OF TAXES

ROADS, MILITARY, PUBLIC SCHOOLS, ETC

WHAT IS AN INCOME TAX

A TAX ON EARNED AND UNEARNED INCOME

WHAT IS A PAYROLL TAX

A TAX ON EARNED INCOME THAT SUPPORTS THE SOCIAL SECURITY AND MEDICARE PROGRAMS (FICA)

WHAT IS PROPERTY TAX

A TAX ON PROPERTY, SUCH AS LAND, BUILDING, AND MOTOR VEHICLES

WHAT IS SALES TAX

A TAX ON ITEMS PURCHASED IN RETAIL STORE

WHAT IS EXCISE TAX

A TAX CHARGED ON CONSUMPTION ITEMS

WHAT IS A W-2 FORM

WAGE AND TAX STATEMENT THAT TELLS YOU DEDUCTIONS FORM TAXES AND MONEY EARNED

WHAT IS A W-4 FORM

WHAT YOU FILL OUT GIVE TO YOUR EMPLOYER FOR WHAT YOU WANT TAKEN OUT FOR TAXES

WHAT DATE DO YOU HAVE TO PAY YOUR TAXES

APRIL 15TH

WHAT ARE THE TWO MOST IMPORTANT THINGS TO KNOW ABOUT A COMMUNITY

  • They are charged in many forms
  • Without them it’s hard to affords things for a community